Employment Protection and Firm Relocation: Theory and Evidence 3rd May 2018 KCG Secretary KCG Journal Articles Publications Authors: Gerda Dewit, Holger Görg and Yama Temouri (Economica, 2019, Vol. 86(344), 663-688) We examine the determinants of the decision to relocate activities abroad for firms located in OECD countries. We argue that particular firm-specific features play a crucial role for the link between employment protection and relocation[…]
Financial Frictions and Foreign Direct Investment: Evidence from Japanese Microdata 5th April 2018 KCG Secretary KCG Journal Articles Publications Authors: Horst Raff, Michael Ryan and Frank Stähler (Journal of International Economics, 2018, Vol. 112, 109-122) Using Japanese microdata for the period 1980 to 2000 we find evidence for two transmission channels from financial shocks to foreign direct investment: a collateral channel, whereby changes in the value of investors’ landholdings affect their borrowing ability; and a lending channel[…]
Markups of Exporters and Importers: Evidence from Hungary 1st March 2018 KCG Secretary KCG Journal Articles Publications Authors: Cecília Hornok and Balázs Muraközy (The Scandinavian Journal of Economics, 2019, Vol. 121(3), 1303-1333) This paper studies the relationship between different proxies of firm-level markups and trade status using balance sheet information linked to detailed trade data from Hungary between 1995-2003. We find that importing is strongly positively correlated with markup measures both across and within firms. We argue that this correlation can reflect three channels: self-selection, higher physical productivity resulting from access to a larger variety of inputs, and quality upgrading based on high-quality imported intermediate inputs[…]
Environmental Regulation and Sustainable Competitiveness: Evaluating the Role of Firm-Level Green Investments in the Context of the Porter Hypothesis 30th January 2018 KCG Secretary KCG Journal Articles Publications Authors: Jana Stoever and John P. Weche (Environmental and Resource Economics, 2018, Vol. 70(2), 429-455) We investigate the impact of environmental regulation on firm performance and investment behavior. Exploiting the case of a German water withdrawal regulation that is managed on the state level, we analyze firms’ reactions to an increase in the water tax using a regression-adjusted difference-in-differences approach. We analyze the individual firm’s response to a change in environmental regulation, distinguishing between add-on and integrated environmental investments […]
Ethical Products = Less Strong: How Explicit and Implicit Reliance on the Lay Theory Affects Consumption Behaviors 21st December 2017 KCG Secretary KCG Journal Articles Publications Authors: Robert Mai, Stefan Hoffmann, Wassili Lasarov and Arne Buhs (Journal of Business Ethics, 2019, Vol. 158, 659–677) Many consumers implicitly associate sustainability with lower product strength. This so-called ethical = less strong intuition (ELSI) poses a major threat for the success of sustainable products. This article explores this pervasive lay theory and examines whether it is a key barrier for sustainable consumption patterns. Even more importantly, little is known about the underlying mechanisms that might operate differently at the implicit[…]
The Tenure-Based Customer Retention Model: A Cross-Cultural Validation 21st December 2017 KCG Secretary KCG Journal Articles Publications Authors: Carolin Krauts and Stefan Hoffmann (Journal of International Marketing, 2017, Vol. 25(3), 83-106) International businesses and their marketing managers face complexity in the targeting of different customer groups in multiple countries, with different purchase histories and brand relationship tenures. Thus far, no customer retention model has been suggested to sufficiently reduce such complexity. To fill the gap, this study distinguishes three global customer groups—brand stayers, brand switchers, and category novices[…]
Consumer Response to Unethical Corporate Behavior: A Re-Examination and Extension of the Moral Decoupling Model 21st December 2017 KCG Secretary KCG Journal Articles Publications Authors: Kristina Haberstroh. Ulrich Orth, Stefan Hoffmann and Berit Brunk (Journal of Business Ethics, 2017, Vol. 140(1), 161-173) This research replicates Bhattacharjee et al. (J Consum Res 39(4):1167–1184, 2013) moral decoupling model and extends the original along the dimensions of theory, method, and context. Adopting a branding perspective and focusing on the corporate domain rather than the public figures investigated by Bhattacharjee and colleagues, this research examines the proposition that consumers dissociate judgments of morality from judgments of performance to justify purchasing from companies deemed to act immorally[…]
Handbook of International Trade and Transportation: Offshoring and Transport Costs 1st December 2017 KCG Secretary KCG Journal Articles Authors: Holger Görg and Aoife Hanley (Handbook of International Trade, 2018, Chapter 7, 236–258) International trade has grown rapidly over the past half century, accommodated by the transportation industry through concomitant growth and technological change. But while the connection between transport and […]
Vertical Integration and Supplier Finance 23rd November 2017 KCG Secretary KCG Journal Articles Publications Authors: Holger Görg and Ersamus Kersting (Canadian Journal of Economics, 2017, Vol. 50(1), 273-305) This paper studies access to finance by suppliers that are linked to a multinational enterprise. The theoretical framework consists of a property rights model featuring suppliers that are either vertically integrated or sell to the multinational […]
Foreign Ownership and the Export and Import Propensities of Developing-Country Firms 23rd November 2017 KCG Secretary KCG Journal Articles Publications Authors: Dominik Boddin, Horst Raff, Natalia Trofimenko (The World Economy, 2017, Vol. 40(12), 2543-2563) This paper uses micro-data from the World Bank Enterprise Surveys 2002–06 to investigate how foreign ownership affects the likelihood of manufacturers in developing countries to export and/or import either directly or indirectly[…]